Commission and Graduated Commission Business Mathematics Sections 1
![Commission and Graduated Commission Business Mathematics Sections 1. 6 and 1. 7 Commission and Graduated Commission Business Mathematics Sections 1. 6 and 1. 7](https://slidetodoc.com/presentation_image/0c47834997f99d53f21eef5009a14580/image-1.jpg)
Commission and Graduated Commission Business Mathematics Sections 1. 6 and 1. 7
![Commission n Commission is the amount of money that you are paid for selling Commission n Commission is the amount of money that you are paid for selling](http://slidetodoc.com/presentation_image/0c47834997f99d53f21eef5009a14580/image-2.jpg)
Commission n Commission is the amount of money that you are paid for selling a product or service Commission rate is a specified amount of money paid to an employee for each sale made or a percent of the total value of sales made Straight Commission is pay that consists only of money earned on sales
![Commission n What are some jobs that pay commission? ¡ ¡ Sales representative Real-estate Commission n What are some jobs that pay commission? ¡ ¡ Sales representative Real-estate](http://slidetodoc.com/presentation_image/0c47834997f99d53f21eef5009a14580/image-3.jpg)
Commission n What are some jobs that pay commission? ¡ ¡ Sales representative Real-estate broker Travel Agent Insurance Agent
![Commission n Commission = Total sales x Commission Rate Commission n Commission = Total sales x Commission Rate](http://slidetodoc.com/presentation_image/0c47834997f99d53f21eef5009a14580/image-4.jpg)
Commission n Commission = Total sales x Commission Rate
![1. Milton Arps sells real estate at 7½ percent straight commission. Last week his 1. Milton Arps sells real estate at 7½ percent straight commission. Last week his](http://slidetodoc.com/presentation_image/0c47834997f99d53f21eef5009a14580/image-5.jpg)
1. Milton Arps sells real estate at 7½ percent straight commission. Last week his sales totaled $290, 000. What was his commission?
![2. Shawna works for Cintas selling medical supplies to businesses in the Pittsburgh region. 2. Shawna works for Cintas selling medical supplies to businesses in the Pittsburgh region.](http://slidetodoc.com/presentation_image/0c47834997f99d53f21eef5009a14580/image-6.jpg)
2. Shawna works for Cintas selling medical supplies to businesses in the Pittsburgh region. She earns straight commission at a commission rate of 8%. If last week she sold $9, 400 of supplies, how much commission did she make?
![3. Tanya Woods sells advertisements for billboards in Beaver County. She earns 5½ percent 3. Tanya Woods sells advertisements for billboards in Beaver County. She earns 5½ percent](http://slidetodoc.com/presentation_image/0c47834997f99d53f21eef5009a14580/image-7.jpg)
3. Tanya Woods sells advertisements for billboards in Beaver County. She earns 5½ percent commission on the total cost of ads sold. Over the last 3 months, she sold $143, 400 in advertisements. How much commission did she make?
![Commission vs. Salary n Instead of working only on commission, you might be guaranteed Commission vs. Salary n Instead of working only on commission, you might be guaranteed](http://slidetodoc.com/presentation_image/0c47834997f99d53f21eef5009a14580/image-8.jpg)
Commission vs. Salary n Instead of working only on commission, you might be guaranteed a minimum weekly or monthly salary. The commission you earn during a week or month is compared to your minimum salary. Your gross pay is the greater of the two amounts n In other words, you must choose which of the two you would like to keep as your gross pay n Gross pay = salary OR commission
![4. Owen Theil is guaranteed a minimum salary of $250 a week, or 7 4. Owen Theil is guaranteed a minimum salary of $250 a week, or 7](http://slidetodoc.com/presentation_image/0c47834997f99d53f21eef5009a14580/image-9.jpg)
4. Owen Theil is guaranteed a minimum salary of $250 a week, or 7 percent of his total sales, depending on whichever is greater. What is his gross pay for a week in which his total sales were $3, 614?
![5. Enrique Martinez earns a commission rate of 6¾ percent of his total monthly 5. Enrique Martinez earns a commission rate of 6¾ percent of his total monthly](http://slidetodoc.com/presentation_image/0c47834997f99d53f21eef5009a14580/image-10.jpg)
5. Enrique Martinez earns a commission rate of 6¾ percent of his total monthly sales or he is guaranteed a minimum monthly salary of $24, 600. He earned $355, 555 last month. What is his gross pay?
![6. Jermaine Dixon has a minimum weekly salary of $250. His commission rate is 6. Jermaine Dixon has a minimum weekly salary of $250. His commission rate is](http://slidetodoc.com/presentation_image/0c47834997f99d53f21eef5009a14580/image-11.jpg)
6. Jermaine Dixon has a minimum weekly salary of $250. His commission rate is 5. 65% and last week’s sales were $1, 515. What is his gross pay?
![Graduated Commission n You could also have your commission rate increase as your sales Graduated Commission n You could also have your commission rate increase as your sales](http://slidetodoc.com/presentation_image/0c47834997f99d53f21eef5009a14580/image-12.jpg)
Graduated Commission n You could also have your commission rate increase as your sales increase. This is known as graduated commission n Graduated commission offers different rates of commission for each of several levels of sales. Employers offer this as incentive and motivation to sell more
![7. Irene Gomez sells appliances at Twin City Sales. She receives a graduated commission 7. Irene Gomez sells appliances at Twin City Sales. She receives a graduated commission](http://slidetodoc.com/presentation_image/0c47834997f99d53f21eef5009a14580/image-13.jpg)
7. Irene Gomez sells appliances at Twin City Sales. She receives a graduated commission as shown below. Gomez’s sales for the past month totaled $9, 840. What is her commission for the month? Commission Level of Sales Percent 4% First $1, 000 6% Next $2, 000 8% Over $3, 000
![8. Hannah Marie works as a sales person. She receives a graduated commission as 8. Hannah Marie works as a sales person. She receives a graduated commission as](http://slidetodoc.com/presentation_image/0c47834997f99d53f21eef5009a14580/image-14.jpg)
8. Hannah Marie works as a sales person. She receives a graduated commission as shown on the table below. Find the total commission she would receive for $13, 200 in sales. Commission Level of Sales Percent 6% First $10, 000 8% Over $10, 000
![9. Emily Phillips receives graduated commission. Her commission percent changes as her sales level 9. Emily Phillips receives graduated commission. Her commission percent changes as her sales level](http://slidetodoc.com/presentation_image/0c47834997f99d53f21eef5009a14580/image-15.jpg)
9. Emily Phillips receives graduated commission. Her commission percent changes as her sales level increases. Find the total graduated commission she would receive on $8, 962 worth of sales. Commission Percent Level of Sales 4% First $8, 000 6% Over $8, 000
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